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to washington, d.c. and the sea spirit of the holiday season amidst all of the chaos was not lost on him. >> we may cast aside for this night at least the dangers which beset us and make all of children an evening of happiness in a world of storm. >> sean: churchill would stay with president roosevelt for three weeks addressing a joint session of congress and going to church with the president. the remarkable period just a small part of a best sell ising book the last lion. it is the third volume of the churchill biography started by william manchester and completed by paul reid who joins me now. a remarkable man, churchill. one of the remarkable figures in history. before we get to this moment, how long was he an outcast and viewed as an extremist in great britain? >> pretty much h his whole political life. >> sean: before and after his time as prime minister? >> absolutely. early in the century he had switched from the conservative party to the liberal party and as he said later i ratted which is their way i saying they switched parties and then reratted and came back to the torries who never
lunch." we have three major news conferences in washington, d.c. president obama will nominate senator john kerry to be his next secretary of state. harry reid will be on the senate floor and house minority leader nancy pelosi will discuss the cliff crisis. with plan b history, washington is scrambling to get a deal done. the markets however are decidedly worried. dow jones has been down triple digits almost all session. we are off our worst lefs, down about 174 point a few moments ago. down 152 on the dow. 17 to the minus side and nasdaq is off almost 40. let's go to washington where john har wood is standing by with the latest on the fiscal cliff follies. john? >> all follies so far, sue. we had house speaker john boehner come out today and have a news conference explaining the failure of his plan b last night which stunned a lot of people because both boehner and eric cantor majority leader said they were confident they had the most to pass it. what he said today at a news conference is that there were members who had a perception which he said was incorrect. it would raise taxes. t
birthday to get a horse. she adored them. >>> another big story out of washington where there's been huge movement in the fiscal cliff wrangling with 14 days left to go before huge across-the-board tax hikes. overnight we learned that president obama made an eye-opening new offer in talks with house speaker john boehner. under this new proposal, tax rates would go up on incomes above $400,000. for years the president has campaigned that that number should start at $250,000. he's also offering some new spending cuts to go along with this. speaker boehner's latest proposal called for the tax hikes to kick in at $1 million. cnn's dan lothian is in washington with the latest on this. dan, it really does look like there is some movement. >> it does. this movement came during a meeting the president had with speaker john boehner yesterday at the white house. that meeting lasted for 45 minutes. it was the third time they had met in the past eight days. you're right, it is pretty dramatic because the president for years now had been holding steadfast to that $250,000 threshold, saying that the bu
of representatives and the senate. the lower chamber leaving washington for a long weekend before the meeting. meanwhile, the white house confirmed today that susan rice won't be the next secretary of state. u.n. ambassador susan rice asking the president to remove her name from consideration to replace outgoing secretary of state content. democratic sources telling our ed henry that rice is likely to be the president's choice to become the next national security adviser. we take ll of that up here tonight with fox news digital politics editor from a veteran political strategist, former u.s. ambassador to the united nations. now the late breaking developments on the fiscal cliff talks and the impact of the withdrawal of susan rice from consideration to be the next secretary of state, fox news chief white house correspondent ed henry with our report. >> president obama was not fretting about the fiscal cliff as he strolled to a holiday party joking with fox news about the warm weather and expressing hope for a deal. >> how are you feeling about a deal, optimistic? >> the speaker not so hopefu
in washington will have on pleasant and possibly exceedingly painful consequences wall street today sold off sharply despite more positive news on an economy that is now obviously growing and building momentum. the dow jones industrial fell 121 points. the s&p down 39 and a half, nasdaq lost 29 points. to assess what is now a bright new economic prospects and the consequence of further gathering in irresponsibity in washington, we are joined by economist john lonski, noted fundanager and strategist harvey eisen, and in other news from washington tonight president obama nominating senator john kerry to be the next secretary of state with their views on kerry, benghazi, obama's foreign policy. we will be talking with fox his national security analyst k. t. mcfarland, former ambassador john bolton, and today the national rifle association exactly one week after the sandy hook school massacre has come up with a proposal for securing every school in this country, and it is such an obvious solution, so simple it immediately raises the question, why didn't anyone else think of it? well, we begin to
washington. what's the the latest on the talks or the silence? >> the silence seems to be golden, john. remember last week when all the players involved seem to be posturing and positioning and talking about negotiations? not so much, at least in the past few days. we know president obama and house speaker john boehner had a one-on-one meeting, right, on sunday, their first since mid-november. what were the details from that meeting and from the ongoing discussions? they're not really -- both sides are not really being forthcoming with what the substance of those conversations, both sides yesterday, the white house and the republican leadership put out statements. they're essentially the same. i'll read just one from boehner's press secretary. discussions with the white house are taking place but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people.
in a building in washington dc to decide where the money is going to be distributed when we should just keep it in the house. you know, keep the taxes the same, but let new jersey pulled onto a larger version of it. neil: melissa? >> you know the faces, you know how to help them. when this country relied more on the community, your friends, your church -- the people around you. it work better. ne: it's like with school shootings and all that. gun advocates, whatever you do, don't use something like bad. climate change is the same thing. where ey are going to use it. the u.n. talking about setting up climate hange, now this in the united states. >> it is absolutely despicable. essentially, that is what is going on. the politicians are so greedy for extra power an money. neil: the ire before them is not getting to these people. if you really want to go in direct climate change, you know, what is happening with the glaciers and blame on them -- but right now, this is not the time. >> that pr opportunity has are gone by. i hate to be cynical, that everyone has argues that for their political pur
about it. the only thing being we're relying on our leaders in washington to try to craft some sort of solution. >> did you have quotes around the word leader then? i'm only watching your lips. if you were to type that, would there be quotes around leaders? >> yes. >> thank you. i rest my case. >> i'm willing to take those quotes off. >> if they show that they are truly leaders without quotes. >> i come to work every day, my tallahassee paycheck, still in my wallet. i was a reporter. i made $137 a week. and if i had seen that go down to 127, i would have been angry. that was my subsistence. there are people who play for dinner in this country and their subsistence are on the line and they're going to be furious. but they're not going to get furious until they see their paycheck. >> it's going to impact gdp in the first quarter, and the second quarter. americans are feeling like they're protected from the democrats? because they're in lower income households? but they won't be. their paychecks will be less because the payroll tax cut will be gone. the amt, also gone. that will affect
everywhere. i have been keeping my own money and nice list for washington. visiting towns like this. >> president obama got his wish rather than negotiating with republicans he was simmering them back on the campaign trail at a factory in pennsylvania that makes angry birds toys. >> it's not acceptable to me, and i don't think it's acceptable to you for and full of republicans in congress told middle-class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> within minutes the speaker fired back that the talks are now on life support. >> there is a stalemate. let's not kid ourselves. >> replan the president for sending treasury secretary to capitol hill with a proposal that led senate republican leader to literally burst out laughing. >> the white house took three weeks to respond with any kind of a proposal. much to my disappointment it was not a serious one. >> the president campaigns on $800 -- 800 billion in tax increases by ending the bush tax cuts for the wealthy, but is now proposing. adding tax hikes on dividends and capital gains. the
in washington. not only sales of existing homes are higher, gdp grew at 3.1%, the fastest rate, much faster rate than first reported. and well over the second quarter growth rate just over 1%. investors welcoming the good news. the s&p up eight, nasdaq six. 3.6 million shares traded on the big board. two sides to watch tomorrow. research in motion, which after the bell reported smaller losses and larger gross margins. and athletic shoemaker nike bringing in $1.14 per share expectations. nike up in the session, and up in after-hours trading as well, the market up again, 10 year treasury yield of 1.80%. existing home sales up almost 6% last month at a seasonally adjusted rate just over 5 million, that is the highest level since november 2009 when buyers were rushing to close deals in order to benefit from a federal tax credit. remember those days? november sales up more than 14% from a year ago. joining us now, richard smith. first i say welcome to you, richard. good to see you. i have good knowledge to the audience i do own stock and make that very clear, this does not happen very often, but it d
't but i suspect we'll have some last minute, slap dash, terrible washington style deal that won't do anything. this fiscal cliff doesn't solve our long-term debt propses. lou: breaking with the practice and policies of washington over the course of the past 50 years. stephen hayes, thank you very much. judith miller, thank you very much. john fund, thank you. time for a few quick comments. ken wrote us to say, correct me if i'm wrong, wasn't it the obama administration that released thousands of guns into the hands of criminals? now they want to talk gun control for law-abiding citizens? that was just "fast and furious." mike tweeted us about benghazi and the report, always blame the dead guys. they did. thanks for being with us. has t. >> wall street is very concerned. no doubt the average folks at home who have been cutting back more inclined to hang onto their wallets. they don't know what will happen. thank you congress. thank you mr. president. >> it is charities' season. makes us feel good to give. that is why there is a concert for storm victims. a bit greedy businesses ted tu
that we all identify with every aspect of it. >> the other big story in washington and around the nation, in the wake of the newtown shootings, president obama says gun regulation will be, quote, a central issue of his second term. vice president joe biden has been tapped by the president to lead the effort and work with cabinet members on making recommendations before the president's state of the union address. the choice of biden makes sense given his extensive anti-crime portfolio as a long-time delaware senator. he helped to pass a ban on assault weapons in 149. he also received an "f" rating from the nra. he acknowledged that gun legislation alone would not solve the problem. >> we know this is a complex issue that stirs deeply-held passions and political divides. as i said on sunday night, there's no law or set of laws that can prevent every senseless act of violence in our society. we're going to need to work on making access to mental health care at least as easy as access to a gun. we need to look more closely at a culture that all too often glorifies guns and violence. and any
washington. >> when congress passes a law, it's basically just a frame work; then federal agencies delegated the authority to write regulations and rules that spell out just how the law will be enforced. before they become time, there's a comment period when the public, employers, companies, anyone impacted can weigh in. back in 1993, president clinton signed an executive order saying agencies should allow a 60 day comment period, but that's not happying with -- happening with four regulations tied to the health care law. one just has 24 days, and final comments due during the holidays. americans for limited government wrote to the department of health and human services asking for an explanation requesting that the comment period be extended. one of the regulations is more than 400 pages long, and regulatory experts say it's nearly impossible for a company to review something of that volume and prepare a formal comment in time. >> because of that, a lot of agencies work in secret. you know, the only people that know about them are large stake holders in industry that have full-time counsel
are down 11 points on the dow jones. that's hinging on disappointment from washington. the nasdaq is up two and a third point. my partner here on the floor of nyse joins me in the action. 24 hours ago we were sitting here with a triple-digit gain, actually. now, there is disappointment in washington. >> let's just say the markets are digesting all of this news today, that means moving side ways, a fancy word, folks. we are talking like 30 points. that pretty small. and the president sounding alternative sounding con ciliatory and often combative as you hear from john harwood. here is the bottom line. big movers, bank stocks, home moving stocks, that sue just referenced. all basically flat today. if you take a look at the one sector though that is still continuing to have a great day, doing it day after day and that's airline stocks, very positive traffic metrics from airlines in the last few weeks and these stocks have been moving up virtually everyday. there is your market today. this is a quiet day when you see airlines as the market leader. >> true. good point. we will see what happens w
political point but that's just what this crackpot cringe gel was doing in washington today. targeting republicans for blocking needed spending and i guess, just being cold, heartless souls. leaving aside reality where the real santa's paying for all the gifts that congress doles out. must we use an icon to plug these morons? by the way, first time this guy was on capitol hill he was reading off a prompter. what idiot reads off a prompter? scroll up a little bit, please. anyway, anyway, it is a biz blitz segment. we have banking big wicking -- bigwig, john allison. i couldn't believe this, john, using santa to sell your cheap thought. your thoughts? >> it is interesting, neil, santa is a very just person. he requires children not to be naughty. he requires implication, he said that children should get what they deserve. and so i think it is ironic that he would be using santa about taking money from people that are producing it and basically giving it to people that haven't earned it. neil: you have to wonder. he wear as red suit and does throw out stuff for free but i digress. i was t
. joining us now from washington, d.c., a conservative advocacy group, president of the media research center. you are lined up with president president obama on this one. >> i am lined up with ronald reagan on this one. this is an awful policy. the reason there is disarray is because everybody knows it is awful policy. they have inted themselves into a corner, it is their fault, of the speakers making, and now is telling hi congress they have to support a tax increase, which is analogous to cutting their own throats politically. lou: the all-time animal on tax increases, and republicans for tax reform, grover norquist says go for it. chamber of commerce, conservative business group, they even say go for it. they understanunderstan d it is not the perfect solution, but it is compromise and this is politics. >> 30 other conservative organizations, all of whom signed off on the opposition to this saying this is terrible policy, this corrects nothing, this is a tax increase in what we need to be focusing on spending cuts every single person in town knows. lou: in all due respect, i under
of the year. >> steve: not since mr. smith went to washington has the movie inspired the senate. harry reid rled it out. it is the end of the year. >> brian: it was incredible to watch the president have a 45 minute press conference and john boehner have a 45 second. >> steve: sometimes less is more . >> brian: they are not getting along. >> gretchen: one good message from the lincoln movie other than not getting assassinated. he set out what to do >> brian: he won over leaps and bounds in order to get a deal >> chris: he did. >> gretchen: that's what they are doing now. or trying tompt approaching the fiscal cliff. the democratic senate took the night off to watch the movie. doug is in washington with us. were you invited. >> of course not. you have to figure out the pop corn was free . the movie was free . we know that they love free stuff here in washington. free movie tickets may have been tough for the guys to resist. it is possible that watching the lincoln movie, may have inspired the members of congress. at the very least. we know that a minimum of 150 minutes last night. two and ha
, it is carlos gutierrez. he has seen the interworking is a washington as secretary of commerce, but he also turned around it publicly traded qaeda -- iconic company. the shares of kellog moved around. now is moved to banking. he is joining me now on the first on fox business interview, and i want to let our viewers know the genesis of this. i ran into you in washington d.c. at the airport just a week and have caught two weeks ago. asset to me you have to come on the show because i thought your opinions are very interesting. right now, let's work with the news that we have today. john boehner saying 1 million, that is what people should have expiration on the tax threshold. the president moving from to 50 the possibly 400,000. will we have a deal? >> i think so. my opinion is that if we have to go over the fiscal cliff to get a good deal, we might as well bite the bullet now. do it now, and fro and the debt ceiling. it is a big -- liz: throw in the debt ceiling, you mean the republicans should use that in their back pocket? >> absolutely. it is to no one's benefit to have a debate in march a
of credit to the fed, perhaps, but also feel the debate shifted yesterday in washington. i began to hear way too many people say, you know what the president is curiously unengaged when it comes to cuts. i have always felt the president had the upper hand in this debate. i listened to bernanke and bernanke says, listen, i know they aren't going to come to deal. i see a lot of republicans on air saying we start to understand what they are they want as cuts. not hearing anything from the president. made me feel grim about the fiscal cliff, good about what the fed wants to do, very grim about the power of the fed, beyond what it's already done. >> the "wall street journal"/nbc news poll of americans about the fiscal cliff, some very interesting findings, just to that point, jim, two-thirds polled want congress to strike a deal and cut the budget, even if that means social security and medicare cuts. so, according to this poll, the people are saying, yes, go ahead, cut entitlements and say that obama has a mandate, among those that did not vote for obama, they have -- that they say that there is
. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this wld be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try t to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the holidays, and congress is out for the holidays. the president saying that putting pressure began on republicans, house republicans, to least extend tax cuts for the middle class. that would be the step by scratch in transit approach and he is speaking to constituents back home who he hopes will give feedback to members of congress while they are there for the holiday to try to get them to agree or get back to the table to negotiate something. gerri: if it were up to me, i say that they work until they get their work done. tha
somewhere. another says, "congress should take a break and go home. every time they are in washington, we, the taxpayers, get screwed." tom says, "sounds like boehner is about to gi president obama the store. good-bye, america. not quite." that's all for us. thanksg with us. good night from new york. ♪ [bleep] >> you heard the lady in there. >> i ain't nobody. >> [inaudible] >> get out of my face. [bleep] back off. [bleep] [inaudible conversations] neil: you've seen it, you wonder about it. unions unhinged, and the guy they unhinged here tonight. fox on top of unions doubling down and in michigan. their supporters far from correcting them try commending them. >> we're going to pass something that will undo a hundred years of labor relations, and there will be blood. there will be repercussion neil: so you think we have another wisconsin on our hands? what have i told you? this is not about right to work. this is looking more and more like right to whack. welcome, everybody. i'm neil cavuto, and whether you're for the michigan governor trying to make his the 24th right o work state right
coming and of china, coming of the u.s. still does not want to go forward. the rhetoric of washington does not help. we are going to see more of this as we go further into the ew year. liz: further into the new year. liz: we have to get to the new year. we are looking at the energy market. natural gas dropping to its three month low. very mild. looking at behind me in new york. what are we missing as a play, an investment like? are we in that very land and? >> we've been calling for lower natural gas. most of the profit is best. the sale at 380-385. right now it's an oversold market. 327 is the low. we hit it today anywhere between 327 and 330 i'm buying. and on the upside 342-345. i don't think we will see it again this year. liz: never again. >> okay. never again. liz: the collective commodities, the dollar, what the fed did. that seems like a million dollars to 5 million miles away. but in these next two weeks from a trader perspective. people just at the way or are they fully in because we don't have an answer? >> there will not be fully in. what we have right now, an argument be
the public. not in washington or with congress or the senate. here is what he had to say. >> it is not acceptable to me, and i do not think it is acceptable to you for a handful of republicans in congress will middle-class tax cuts hostage simply because they don't want tax rates on upper income folks go up. gerri: it sounds like the same old, same old. the president has been making the same comments again. is this any way to sell a plan? >> there really is not. the president is not being serious about this. the fact that the president is out there campaigning on this rather than negotiating, it means that those that are negotiating, such as secretary geithner, they probably don't feel bound by what the president is saying. this is the first gammons and certainly not a serious offer. >> mitch mcconnell laughed out loud on camera at the plant. what do you make of that? >> he had every reason to. let's look at this plan for what it is. a mssive tax hike. instead of offering tax hikes, which is something that republicans have been mandated, he wants more spending and he's no
. >> arthel: i'm arthel neville. stalemate in washington with exactly one month to go 'til america is hit by huge tax hikes and spending cuts. finding out where the negotiations stand. >> rick: plus, talk of a republican rebound, we'll speak with some young party leaders who are very enthusiastic about the future and we'll ask them how they plan to prove the republican party is a party for everyone. >> arthel: and as the holidays draw near, we check in on the victims of hurricane sandy. how they're surviving, plus an international story of americans who know all too well what they're going through and are now lending a helping hand. >> rick: we begin with a fox news extreme weather alert out of northern california. they're now being slammed there by another in a series of severe storms that have already killed one person. the region already dealing with flash floods, mud slides, downed trees, power lines. people there say they've never seen anything like it. >> i haven't seen this in many years. this much water running through my property. that water runup should not come on our property.
, listening to that conversation, a few minutes before the opening bell, front page of the "washington post," investors aren't waiting for a deal. they're selling stock, they're trying to sell homes. they're setting up shelters, gifts for taxes. this discussion is not academic by any stretch of the imagination. >> we have to avoid the cliff, period. >> yes, we do. >> we do. to your point, carl, $20 billion in special dividends have been paid out this quarter. some of the economists said this would be a jump of income in the household, payouts to dividends, acceleration into this year. >> becky and jim, who have been doing amazing work on capitol hill, did talk to grover norquist, a bit of a rematch after cramer's appearance a couple of weeks ago with grover norquist. >> obama personally moved it out two years, because he didn't want to raise taxes and damage the economy, because he said the economy was weak. the economy's not strong now. so the argument to raise taxes now is not any better than it was two years ago. i think there's a real danger we could end up with some damaging tax increa
quickly here. john harward in washington here today. thanks a lot. the cheddar, bacon, onion sandwich that boosted sales for mcdonald's in december. >> steve liesman's exclusive interview with richmond fed president jeffrey lacquer. the lone dissenter at every fed policy meeting this year. more "squawk on the street" after this. the . >>> all right. if the sight of this sandwich makes your mouth water, then you are in luck. because the mcrib is back at mcdonald's today. but how much do limited time offers really impact on sales? we're here to break down the mcrib effect. ladies, great to have you with us. rachel, i'll start off with you. what sort of impact could we see potentially in the month of december? i read in the past, in 2010 at least, one of these limited introduction offers that it actually boosted sales by almost 5%. >> i think it depends on what the lto is and what the prior year same-store comparison is. i wouldn't expect to see a positive number of the magnitude that you're discussing. actually, frankly, it will probably be something in the single digit negatives. but a
.s. is now inviting the head of the opposition, the political opposition to washington. it is a complication. i think rebels on the ground and the political opposition wished that the u.s. hadn't done it so soon. >> what does this mean for the people? >> well, for the -- i think the people, as we were hearing and i know you will speak with arwan damon this is a fighting force to thank for rebel advances and some are saying the u.s. shouldn't have done this. others are very worried that once the regime falls, who is going to want control? it's going to be the jihadist groups. we'll see. >> thank you, hala. >>> something triggered a new democracy and the movement against the assad regime and that's this. believable reports that the syrian military was possibly getting ready to use chemical weapons against the rebels. everyone, even russia warned syria not to do it. now you see this exclusive to cnn. our camera crew inside syria got dangerously close to a chemical weapons production plant. the syrian government doesn't us to see this. they make that very clear. we want you to watch this report
in washington all week long. >>> ford is issuing recalls for two of its newest and biggest-selling models. the 2013 escape crossover and the 2013 fusion sedan. ford is urging owners to contact their dealers as soon as possible because the eco boost engines can overheat and catch on fire. the recall effects nearly 90,000 vehicles. >>> autism, bing eating, mod disorders and hoarding are being changed in the bible of psychiatry. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment
coverage live from washington. mission critical, rise above d.c., all day long. becky quick, jim cramer, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much better. they're still 35% chance it will not happen. it's not exactly confidence building. >> not necessarily confidence building. always interesting to me how people can put percentage chances on anything like this. seeing how difficult it is and how the story changes to a certain steextent each day. who knows what's going to happen. >> public care, confidence numbers, spending, any relationship to the fiscal cliff at five. >> i don't know. i just don't know. i think anecdotally, from what i have been able to observe, no. but i can't speak for that. the journal today has the lead stories of consumer spending starting so slow. and in part, they cite the fiscal cliff. i think if you were out there, you would get answers that would not necessarily de
. >> peter doocy joins us live from washington with the very latest as we see video of the president hopping on board air force one, right? >> that's right, clayton. president obama popped in to the james brady briefing room at the white house yesterday at about 5:30 and basically said that since the american people in november voted for democratic control of the white house and the senate and republican control of the house. lawmakers need to compromise but he also made clear as of right now when it comes to the fiscal cliff and avoiding it, there is no deal. >> so as we leave town for a few days to be with our families for the holidays, i hope it gives everybody some perspective. everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. enjoy company of loved ones. and then i would ask every member of congress while they're back home to think about that. think about the obligations we have to the people who sent us here. think about the hardship that some americans will endure if congress does nothing at all. >> it was just a few minu
, adam. >> i wasn't saying that washington should try to appease the markets. and the markets not worried like charlie said they would. >> neil: i don't care about your view. how about using santa, santa, santa, to sell your standing. well, i knew santa. santa was a friend of mine. that's not fair! (laughter) >> by the way, adam, you're wrong about that. we had a market on fridy. >> neil: bottom line, guys, i'm offended by all of you. l right, when we come back, now you've got payoffs, if you don't show up, a new fee for missing your flight is going to make you cry. >> wa, wa, my sue me, i'm hungry and possibly teething. maybe i'm wet. who knows? atraction, he fired her because he felt she was attraction to his fidelity to his wife. >> neil: get ready for new fees to fly in the new year. from southwest airlines. ou miss a flight and don't cancel your discount ticket, you're going to pay up. overweight bags get ready to lighten up your wallet more. if you're overweight get ready to be killed. just-- (laughter) southwest says it needs the money. what about letting us keep them. >> it's so
in washington. >> do expect to close this deal second half. final question, the cme works they consider doing anything, coming in over the top? highly unlikely. my sources say because of anti-trust certainly in one way. didn't the first time when there was up potential. that is not expected. this deal is expected to make it to the finish line. one never knows. two shareholder votes needed. ice and nyse. >> fabulous reporting. first to get the deal price. well done. >> topic of conversation in this room this morning. as jim mentioned, futures on the rise a day after a concern about the fiscal cliff talks weighed on stocks. the batlogical escalate today. the house set to vote on boehner's so-called plan b. keep taxes from rising with people i incomes below $1 million in the event no deal is struchblg the president will veto the bill if it passes congress, he says yesterday, take me out of it take the deal. that was followed by the speakers a famous now -- by now famous 59-seconders were. jim, your point about big changes of control, these big disposition of assets happening, corporate america d
of washington. the news wasn't great but it wasn't we are so far away, we won't do anything until january. the news was more of the same. at the end of the day buyers stepped in, volatility continued to rise, the vix futures rose, coming off of a low-level, these investors stole the marketplace as well they should buy protection. ashley: thank you, we will check in with you in a few minutes to see how the is in the futures close. liz: and investment council chief investment strategist, fifth third bank chief -- on a day like today a few more trading days in the year. i want to start with robert here, pretty bullish. to what do you ascribe that? we had a very indecisive day until the last couple minutes. >> i don't think about and on the trading day. the mathematics look great in the market with 5% real earnings yield against the bond market that is so overvalued that it is hard mathematically not to be bullish about this long term. liz: what do you mean by that? >> if you look at the valuation of common stocks, we can talk about dividend yields relative to the bond market but if you just
with mark at the cme. we were careen, and the mouthpieces in washington spoke and it fell. something else at work here 1234 >> you know, i think it's a lot of things. i think, you know, is qe ad good thing for the marked? the fed came in strong, but i don't think that's cause for the market. we were testing that level, kind of, i think, a hard tactical barrier. we need a catalyst to breakthrough it. john boehner says something negative -- david: mark, i have to interrupt. we have the numbers from adobe. bringing it to you first. adam going through the numbers. what are they, adam? >> investors happy beating what was expected of revenue on 1 #.5 billion. inviers wonder how they went to charge in the cloud going to impact and looks they are doing well. back to you. >> by the way, we have the after hour numbers for you, and as you can see, says zero. there's a lot of traders who want to trade afterhours, but trades halted. as soon as they are lifted, we'll tell you, mark sebastian with adobe, interesting they hold shares on good news, mark. >> you know, when they know the news is the type of
day here on continuing hopes that we will get some sort of deal out of washington. also, with that euro stronger, that's certainly boding well, the dollar a bit weaker. we've got bullish numbers out of the american petroleum institute looking ahead to today's inventory numbers coming from the government. drawdown on crude, drawdowns all across the board. that is supported in the energy sector. but do watch today the january contract expires today. there's much more action in the february contracts. we have to watch the curve a little bit. we could see a little bit of volatility. we'll be back at 10:30 with those inventory numbers from the government. back to you guys. >> all right. thanks very much, bertha coombs. we want to talk about sirius satellite radio. the longtime ceo stepping aside. effective immediately. a bit earlier than had been anticipated. this is a company that is more or less controlled by liberty. and will soon be officially controlled by liberty. they are still waiting for the fcc's right of control to essentially go through. 49.8% of the company right
: that's true. the market looked at the likelihood of a deal. david: because of the washington post article that said a deal was likely. stuart: at first they thought yeah a deal is likely. then you got more detail about the two sides and where they are. david: cold water was poured on the whole idea and look what happened to the market. charles: they are moving now. they are throwing numbers out there. it is part of the negotiation process. stuart: as news develops about taxes, higher tax tax rates are coming. that does not sit well with grover norquist. he will tell us all about his position 10:35 this morning, he is on this program. let's go to nicole. i want to check in with apple. where are they? 4 minutes past 10:00 eastern time. nicole: apple is doing great today. yesterday we talked about the fact it was at 501. it's traded as high as 526 and change. they are head-to-head with samsung here in the states and abroad. i was reading some headlines, samsung, injunction against the apple in eu, but at the same time a judge decided against apple today. there's back and forth betwee
of the bill have been out today. some of them pulled out all the stops. protesters roaming washington ton, some of them increasingly emotional, yelling slurs and epithets. >> when hamas or hezbollah does it, it's called terrorism. why should the astro turf groups organizing on behalf of the health care movement be viewed differently. they're being carrie compared tr and the holocaust. >> sean: terrorists, slurs, mean, epithets, and they could not produce it. theres was a $100,000 reward. >> it's time for the tea party toig consider demonstrations in front of nbc, abc, the "new york times", never mind the mall. go to these networks. it's time for there to be a national outrage against what they're doing. >> sean: brent bozell, thanks for being with us. >>>co when we come back, there'a family thatha needs your help. this marine, jon hammar, is being held right now and has been since august in a mexican prison. he tried to legally register an antique rifleif in mexico. he was enroute to costa rica. he has been locked up for four months and mexican authorities refuse to release him. his pare
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